Major and Planned Giving

With a generous gift you can contribute to the care of countless children. In addition, you will have the opportunity to meet and work with other like-minded donors and doctors working toward the same goal. You can contribute to research and patient care in a number of ways. You can speed research from the laboratory to the bedside; support important new services for our young patients and their families; renovate or construct new facilities; or establish programs or clinics to serve the many kids for across Kentucky.

Kentucky Children’s Hospital is beginning a comprehensive renovation campaign. Many opportunities from naming clinic spaces to rooms are available. You can also invest in the good health of future generations of children by establishing an endowed fund for a lecture series, fellowship or chair. As you decide what would be meaningful to you and how you would like to designate your major gift, we are here to assist. For more information, please contact Mark Slover.

Planned Giving

Appreciated Securities

Gifts of appreciated securities, closely held stock and mutual funds can be extremely beneficial to both you and UK. These gifts can help you diversify your assets and minimize capital gains taxes. Contrary to popular belief, gifts of closely held stock can create the same tax benefits as shares that are publicly traded. As with other kinds of gifts, gifts of stock can be directed to any area of the University.
Giving appreciated securities is a fast and easy way to make a gift to Kentucky Children’s Hospital and reap considerable tax benefits. It is almost always a better strategy to give appreciated securities directly to the University, rather than selling them and donating the proceeds of the sale. In fact, many alumni and friends find that the tax benefits associated with giving to Kentucky Children’s Hospital actually allow them to increase the size of their gift.

Life Insurance
When you specify the University of Kentucky as the owner and beneficiary of a paid up policy, the charitable deduction is for the policy’s cash surrender value or net premium paid on the policy, whichever is less. The University credits paid up policies at a value approximately equal to the cash surrender value of the policy. If the policy is not fully paid up, credit is equal to the cash surrender value and any subsequent premium payments made through the University during the pledge period. The University may elect to liquidate life insurance policies and evaluates each policy on a case by case basis.

Charitable Lead Trust
This gift planning vehicle allows you to shield more of your accumulated wealth from gift and estate taxes and make a current gift to Kentucky Children’s Hospital. It is one of the most powerful estate planning techniques available today. Under this plan you would irrevocably transfer assets to a trustee and provide payments to be made to the University for a certain number of years. Then, the principal passes to your heirs at greatly reduced gift and estate tax rates and sometimes escapes them altogether.

Real Property
Appreciated real estate may be one of the best gifts that can be made to Kentucky Children’s Hospital. Often, however, your return from the property is small and operating costs, such as taxes and maintenance, continue to rise. If you sell the appreciated real estate, you will have to pay capital gains tax on the appreciated amount, considerably reducing your net gain from the sale. If, however, you make a gift of the real estate to Kentucky Children’s Hospital, you may be able to deduct the full market value of the property, including all appreciation.
Please note that there are some legal requirements that you will need to meet in order to make a charitable gift of real estate. We will be happy to assist you and your attorney or other professional advisor to comply with these requirements.

Life Income Gifts
A life income gift allows you to make a significant gift to Kentucky Children’s Hospital, while receiving an income for life. Benefits include state and federal tax deductions, increased income from low yield stock, and possible avoidance of the capital gain tax on gifts of long term appreciated property. You may also name a second income beneficiary, reduce or eliminate the estate tax on the assets given, and establish an endowed fund in perpetuity at the Kentucky Children’s Hospital in your name or in memory or honor of another.
o Charitable Remainder Trust A charitable remainder trust is a powerful tool for providing funds for you and/or your loved ones, and making a generous gift to Kentucky Children’s Hospital. It allows you to transfer assets into a separately managed trust that will provide you and/or your beneficiaries with payments for life or for a specific term of years. The payout rate of the trust may be jointly determined by the donor and UK. You may designate the use to which the University applies the remainder of the trust through an agreement with the University.
o Charitable Gift Annuities A gift annuity is a mutual benefit agreement between Kentucky Children’s Hospital and a donor. The donor makes a contribution in exchange for Kentucky Children’s Hospital’s promise to pay one or two annuitants a fixed income for life. The donor receives a tax deduction in the year of the gift for the amount calculated to be a gift and may contribute cash or securities to establish a gift annuity. Payments to beneficiaries are made quarterly for life and may begin immediately. Gift funds remaining after the death of the last annuitant will be used by Kentucky Children’s Hospital for purposes that were specified by the donor.

For more information about estate and gift planning, call Mark Slover at 859-257-1121 or 877-833-5437 or click here to make a donation today.